Community Bank Owatonna

640 Bridge Street
Owatonna, MN 55060

Notable Rates APY Vs.Others
Savings 0.05% 1.90% →
1-Year CD 0.50% 1.90% →
2-Year CD 0.75% 1.95% →
5-Year CD 1.50% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

Community Bank Owatonna is an FDIC insured institution located in Owatonna, MN. It was founded in 2003 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57468
Date Established 2003
Assets $0.06 billion
Loans $0.04 billion
Deposits $0.05 billion
Capital $0.01 billion
 

For a more detailed analysis of Community Bank Owatonna's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 7, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.25% $1,000 - Learn MoreShow Less
Special: 9 Mo CD
1.25% $5,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $4,999 Learn MoreShow Less

Loan Rates - April 7, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community Bank Owatonna

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.542% 4.500% 0.00 $1,250 $1,267 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Community Bank Owatonna
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Branches

Community Bank Owatonna branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Community Bank Owatonna Locations


Financial Details

Community Bank Owatonna Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Bank Owatonna. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Community Bank Owatonna U.S. Bank Average
0% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Community Bank Owatonna had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,403,000 in equity and $446,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Community Bank Owatonna U.S. Bank Average
6.17% 9.41%

Community Bank Owatonna has a Return on Equity of 6.17% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Community Bank Owatonna U.S. Bank Average
8.89% 12.82%

Community Bank Owatonna has a Capitalization of 8.89% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Community Bank Owatonna Balance Sheet Analysis

As of December 31, 2019, Community Bank Owatonna had assets of $60,769,000, loans of $42,937,000, and deposits of $54,421,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.04 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.06 billion
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 95.94%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.06 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Community Bank Owatonna’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Minnesota, Community Bank Owatonna has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.89
Multifamily
Mortgages
13.21
Credit Card Loans 0.00
Consumer Auto Loans 0.65
Small Business Loans 20.90
Construction and Development Loans 6.36
Commercial Real Estate 25.35
Commercial and Industrial Loans 13.22
Farm Loans 4.38

Frequently Asked Questions About Community Bank Owatonna

Branches and Savings

Is Community Bank Owatonna FDIC insured?

Yes. It is covered under FDIC Certificate #57468.

Why does Community Bank Owatonna pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Community Bank Owatonna CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Community Bank Owatonna a commercial bank?

Yes

Where are Community Bank Owatonna locations?

See branch locations nearby.

Is Community Bank Owatonna open on Saturdays?

Is Community Bank Owatonna open on Sundays?

What time does Community Bank Owatonna open?

What time does Community Bank Owatonna close?

Are Community Bank Owatonna ATMs Open 24/7?

Do Community Bank Owatonna ATMs accept cash deposits?

Can Community Bank Owatonna customers use other ATMs?

Do Community Bank Owatonna branches have notaries?

Will Community Bank Owatonna notarize my document?

What address for Community Bank Owatonna should I put for incoming ACH transfers?

Will the Community Bank Owatonna branch print checks?

Do Community Bank Owatonna checks expire?

Does Community Bank Owatonna require US citizenship to open account?

Can Community Bank Owatonna close my account?

Does Community Bank Owatonna Report to credit bureaus?

Does Community Bank Owatonna Use Equifax?

What is Community Bank Owatonna's ACH Routing Number?

What is Community Bank Owatonna's SWIFT code?

Products

Does Community Bank Owatonna offer mortgages?

Compare mortgage rates here.

Does Community Bank Owatonna offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community Bank Owatonna offer personal loans?

Compare personal loan rates here.

Does Community Bank Owatonna offer student loans?

Will Community Bank Owatonna cash a check?

Will Community Bank Owatonna redeem a savings bond?

Does Community Bank Owatonna cash savings bonds?

Will Community Bank Owatonna cash money orders?

Can Community Bank Owatonna issue a money order?

Does Community Bank Owatonna do currency exchange?

Background on The Bank

Who owns Community Bank Owatonna?

How long has Community Bank Owatonna been around?

Can Community Bank Owatonna transfer to other banks?

Does Community Bank Owatonna have quick pay?

Does Community Bank Owatonna accept rolled coins?

Will Community Bank Owatonna accept loose change?

Where is Community Bank Owatonna headquarters?

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